On the heels of Steve Jobs’ resignation, Apple has named Tim Cook its new CEO.

This isn’t a surprise by any means, as Cook has been acting CEO since Jobs took his leave of absence back in January of this year for health reasons. Cook also stood in during Jobs’ bought with pancreatic cancer back in 2004.

Cook has been with Apple since March of 1998. Before Apple, Cook was vice president of Corporate Materials for Compaq and was responsible for procuring and managing all of Compaq’s product inventory. He also spent 12 years at IBM, most recently as director of North American Fulfillment where he led manufacturing and distribution functions for IBM’s Personal Computer Company in North and Latin America, according to his bio on Apple.com.

It seems that Apple had this succession plan in place, as Jobs refers to his resignation letter:

“I strongly recommend that we execute our succession plan and name Tim Cook as CEO of Apple.”

Well, Apple has done just that by naming Tim Cook their new CEO.